Prebiotics in Animal
Feed Market to Reach US$ 494.9 Mn by 2022
According to a new
market research report published by Credence Research “Prebiotics In Animal
Feed Market (Insulin, Mannan oligosaccharides (MOS), Galacto oligosaccharides
(GOS),Fructo Oligosaccharide (FOS) and Other - Growth, Share, Opportunities,
Competitive Analysis, and Forecast 2015 - 2022”the global prebiotics in animal
feed market was valued at US$ 220.3Mn in 2014 and is estimated to expandwith a
CAGR of 11.2% from 2015 to 2022.
Market
Insights
The global market for
prebiotics in animal feed is majorly backed by the rise in consumption of meat
across the globe. Furthermore, multiple health benefits associated with
prebiotics when use in animal feedsuch as better digestion, enhancing animal
performance and the immune systemis another factor propelling the demand for
prebiotics in animal feed.
During the past
decade, due to their therapeutic effects antibiotics have been widely used in
livestock diets. Nevertheless, due to concern regarding the usage of antibiotic
in animal feed might contribute to an increase of bacterial antibiotic
resistance, some countries had restricted the use of some types of antibiotics.
In 2006, European
Union (EU) has introduced anoverall ban on the usage of antibiotics as feed
additives. Thus prebiotics, have emerged as an alternative to antibiotics in
animal feed which can not only reduce enteric diseases in livestock animal but
also enhance their productivity. Thus, the ban impose on usage of antibiotics
in animal feed by many countrieswill also drive the overall market demand for
prebiotics in animal feed.
Stringent government
guidelines regarding the approval and usage of prebiotics in animal feed
coupled up with greater market visibility and shelf space of probiotics is
significantly hampering the market growth. However, increasing awareness
regarding the health benefits associated with the usage of prebiotics in animal
feed is projected to fuel the market demand in the near future.
Competitive
Insights:
The global market is
highly fragmented due to presence of various multinational and regional
players. Therefore, none accounts for significant share of the market pie. The
market is characterized by a moderate level of forward and backward
integration. Some of the key players present in this market are Beghin Meiji,
FrieslandCampina Domo, Cargill Incorporated, Paramus and Abbott Laboratories.
Key Trends:
Geographical expansion
through organic as well as inorganic growth
Focus on enhancing
different product/ ingredients type of prebiotics
Rising awareness
regarding the benefits associated with prebiotics in animal feed will fuel the
market growth
About Us:
Credence
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